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XRP and Cardano Whales Loading Bags: Preparing for the Altcoin Rally?

TokenTalk Staff

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XRP and Cardano Whales Loading Bags: Preparing for the Altcoin Rally?

On-chain data shows that XRP and Cardano whales have been accumulating recently, which may be bullish for the prices of these altcoins.

Whales XRP and Cardano recently went on a buying spree

As analyst Ali explains in a new job on X, XRP whales have seen their holdings increase over the past few weeks. The relevance indicator here is the “Supply distribution” from on-chain analytics company Santiment, which tells us about the total amount of assets held by different market groups.

The whale cohort is of interest in the current debate. These investors hold between 1 and 10 million XRP in their balance.

At the current exchange rate, these amounts are worth approximately $0.52 million and $5.2 million, respectively. Obviously, these are quite large stocks, which is why whales are considered influential in the market.

Now here is a chart that shows what the supply distribution of entities belonging to this XRP group looked like recently:

XRP WhalesThe value of the metric appears to have increased in recent weeks | Source: @ali_charts on

The chart shows that even though XRP price remained stuck in consolidation over the past two weeks, whales viewed the opportunity as a buying opportunity.

These huge investors scooped up over 110 million cryptocurrency tokens (the equivalent of almost $57 million) in this window. This buying scale is not particularly massive, but the fact that these investors have supported the coin during this difficult time should be an optimistic sign.

It also appears that XRP is not the only one on the radar of large holders recently. IntoTheBlock market intelligence platform revealed in an job that Cardano also saw a significant buying surge.

Cardano WhalesThe supply trend held by ADA whales over the past month | Source: InTheBlock on X

In the chart above, IntoTheBlock displays Cardano investor holdings, which range between 100 million and 1 billion ADA. The limits of this range are around $45.3 million and $453 million respectively, so these whales would be much more massive than the XRP whales we just talked about.

As the chart shows, these ADA entities have expanded their holdings over the past month. Most notably, their supply increased by 11% during this period, which, when you consider the scale of this group’s total wealth, represents a huge increase.

According to the analytics firm, these Cardano whales alone now control 6.71% of the cryptocurrency’s entire circulating supply.

This latest surge in simultaneous buying of XRP and ADA from whales could be a potential sign that these large entities are expecting a altcoin rally Soon. Given that Cardano has seen this happen on a much larger scale, the coin could likely generate better returns than XRP if an increase occurs.

XRP Price

XRP recently exhibited stale price action as its price continued to move sideways around the $0.52 level.

XRP Price ChartIt appears that the coin’s price has been stuck in consolidation over the past month | Source: XRPUSD on TradingView

Featured image by Kanchanara on Unsplash.com, IntoTheBlock.com, chart by TradingView.com



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We are the editorial team of TokenTalk, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on TokenTalk, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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Altcoins

Here’s When Altcoin Market Cap Will Reach New All-Time Highs, According to Trader Jason Pizzino

TokenTalk Staff

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Here's When Altcoin Market Cap Will Reach New All-Time Highs, According to Trader Jason Pizzino

A widely followed analyst reveals a possible timeline for altcoin markets to record new all-time highs.

In a new strategy session, trader Jason Pizzino tells his 329,000 YouTube subscribers that he’s taking a close look at the TOTAL3 chart, which tracks the market capitalization of all crypto assets excluding Bitcoin (BTC), Ethereum (ETH) and stablecoins.

According to Pizzino, TOTAL3 experienced a 26-month accumulation period during the last cycle, spanning from late 2018 to early 2021, before launching a parabolic surge.

Pizzino says TOTAL3 could reflect the same pattern in this cycle and could be a few months away from triggering a strong bullish surge.

“That would take us around February, so the first quarter [of 2025]. As you look at the fourth quarter of 2024 – the first quarter of 2025, I think that probably had a pretty good move to a new high price…

All this fear of a market decline would be forgotten in the fourth quarter. I’m going to put myself in danger here. »

Source: Jason Pizzino/YouTube

Looking at the trader’s chart, he seems to predict that the total altcoin market cap will fall to the 50% Fibonacci level, at around $400 billion, before sparking a recovery and hitting a new all-time high at -above $1 trillion by early next year.

At the time of writing, TOTAL3 is hovering at $597 billion.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Altcoins

Altcoin exodus cuts crypto market cap by 3.2%, Bitcoin falls to $64,000

TokenTalk Staff

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Altcoin exodus cuts crypto market cap by 3.2%, Bitcoin falls to $64,000

Kitco NEWS has a diverse team of journalists who cover the economy, stock markets, commodities, cryptocurrencies, mining and metals accurately and objectively. Our goal is to help people make informed market decisions through in-depth reports, daily market summaries, interviews with leading industry figures, comprehensive (often exclusive) coverage of important industry events and analyzes of developments affecting the market.

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Trader Who Called 2022 Crypto Crash Bullish on Solana (SOL) and GPU-Focused Altcoin

TokenTalk Staff

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Trader Who Called 2022 Crypto Crash Bullish on Solana (SOL) and GPU-Focused Altcoin

An Analyst Who Accurately Called the 2022 Crypto Collapse Becomes Bullish on Solana (GROUND) and rendering (RNDR).

Analyst pseudonym Capo tell its 90,280 Telegram subscribers than Ethereum (ETH)-rival Solana and RNDR, the graphics processing unit (GPU) rendering blockchain, are likely in an uptrend.

“Added more to the long SOL and RNDR.”

Solana is trading at $133 at the time of writing, down almost 7% in the last 24 hours. Meanwhile, RNDR is trading at $7.17 at the time of writing, down 10% in the last 24 hours.

The analyst also monitors the OTHERS three-day chart, which tracks the total crypto market capitalization excluding the 10 largest digital assets and stablecoins, for signs of a rebound.

“Altcoins: the green zone is support but we should see a rebound soon. If green holds, then we should expect movement towards the red zones (T1 and T2). If green doesn’t hold, then blue. Judging by sentiment and indicators, I think the bullish scenario is more likely.

Source: Capo/Telegram

OTHERS is valued at $219.25 billion at the time of writing, down more than 7% in the last 24 hours.

Then the trader says that ETH against Bitcoin (BTC) could be preparing for an escape.

“ETH/BTC: This looks bullish.”

Source: Capo/Telegram

Looking at his chart, the analyst suggests that ETH/BTC could soon reach 0.065 BTC ($4,196). ETH/BTC is trading at 0.0532 BTC ($3,442) at the time of writing, up slightly over the past 24 hours.

Finally, the analyst claims that the bottom could be reached for the crypto market and predicts that a breakout is coming.

“The market has reached its lowest level again. BTC is holding above $65,000, but alts are suffering much more. It’s like that. Overall, it looks like local background training. Too negative sentiment and financing, filled offers and everything is very oversold. I still expect a strong rebound.

Bitcoin is trading at $64,661 at the time of writing, down 2.5% in the last 24 hours.

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Altcoins

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Altcoin selloff wipes out $4.9 billion in DeFi TVL

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